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Daily Archives: January 18, 2016

Government Liberalizes Tax Code for Businesses

Business initiatives

Business sector expects liberalization of tax from the government and effective steps, including tax liberalization. Businessmen have declared about the expectations at the meeting held on Monday with an initiative of the Premier. Fadi Asli, President of the International Chamber of Commerce noted, that optimism had been ignited for the first …

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US Ambassador: Georgia Needs to Think About Energy Diversification

Ian Kelly

The USA considers that diversification of energy suppliers is essential, ambassador Ian Kelly said that Georgia should not be dependent on one source of energy. Ambassador of the USA has talked about this topic with the reporters on Monday and commented on the negotiations held between Georgian government and Gazprom. In …

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Georgian Founded Asian Infrastructure Investment Bank Stars its Operation

Asian Infrastructure Investment Bank

Asian Infrastructure Investment bank has officially started its operational working activities. The inaugural meeting of the Asian Infrastructure Investment Bank’s Board of Directors, one of which is Georgian Finance Minister, was convened in Beijing on January 17, 2016. The Board of Directors is made up of 12 Directors, of which …

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Deficient Market May Provoke Manufacturers to Trade in Smuggled Tobacco Products

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Continued Tobacco Market Deficiency May Attract Unregistered Tobacco Products, economic expert Levan Kalandadze noted. “Ignoring this issue may generate certain problems between the state and business sectors, as well as among the business companies within the sector. The confrontation may touch exclusive rights for distributing this or that branded tobacco …

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Trend: Georgia can replace Russian gas with gas from Azerbaijan

Mariam Valishvili

Georgia is considering the possibility to replace the Russian gas with the gas from Azerbaijan, said Georgian Deputy Energy Minister Mariam Valishvili in an exclusive interview with Trend. She said this issue is being discussed at the negotiations with Azerbaijan’s State Oil Company (SOCAR) and Russia’s Gazprom. Azerbaijan is the …

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Aerated Concrete Blocks to Be Produced in Georgia

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A Ytong plant for production of energy efficient aerated concrete blocks will be built near Tbilisi, citing Georgia’s Partnership Fund JSC. Construction of the plant, with a total value of $13.5 million, is planned to be completed before late 2016. The first certified products will be manufactured in early 2017. …

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Russian Gas Importers Wary of the Hype around Gazprom

Russian Gas Importers Wary of the Hype around Gazprom

The Georgian company Geotransgaz importing Russian gas says that the hype surrounding the negotiations of the Ministry of Energy with the leadership of Gazprom may harm the interests of the companies that import Russian gas for purely commercial purposes. Geotransgaz imports the Russian natural gas on the basis of a …

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Iran Kicks Off Plan to Boost Oil Exports as Sanctions Lifted

Iran Kicks Off Plan to Boost Oil Exports as Sanctions Lifted

Iran is beginning efforts to boost oil production and exports amid a global supply glut after the removal of sanctions that shackled its economy and capped crude sales. The Persian Gulf country is targeting an immediate increase in shipments of 500,000 barrels a day, Amir Hossein Zamaninia, deputy oil minister …

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Local Construction Company Against Tbilisi City Hall

Tbilisi Mayor, David Narmania

Tbilisi Mayor refrains commenting on Tbilisi City Hall’s contractor company Arenamsheni’s claims CBW approached Tbilisi Mayor David Narmania to for a comment on its contractor company Arenamsheni’s accusations that City Hall delayed its contract terms on the projects that the construction company was carrying out. However, Narmania did not respond …

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Tea Tsulukiani: “Gov’t Will Encourage Private Land Registration”

Tea tsulukiani

The government will encourage private owners who want to officially register their land, The Minister of Justice said at the governmental administration. According to Tea Tsulukiani , the government’s priority is to register all privately owned land in Georgia. Therefore, the Ministry of Justice plans to new regulations encouraging private …

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